|Expense Ratio (net)||0.18%|
|Category||Allocation--50% to 70% Equity|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Below Average|
|Beta (3Y Monthly)||1.05|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Nov 9, 1992|
A version of this article was published in the February 2019 issue of Morningstar ETFInvestor. Download a complimentary copy of Morningstar ETFInvestor by visiting the website. Tactical-allocation funds aim to deliver better absolute or risk-adjusted returns than static allocation funds by deftly switching exposure among asset classes.
"If a statue is ever erected to honor the person who has done the most for American investors, the hands down choice should be Jack Bogle." - Warren Buffett
In Thinking, Fast and Slow, Nobel Memorial Prize in Economic Sciences laureate Daniel Kahneman summarizes decades of work he has done to better understand the way that we think. The book's title alludes to the two speeds, or in Kahneman's terms, systems, that we use to process information. Each has its own benefits and drawbacks and together they can help explain the various cognitive biases that Kahneman and his close collaborator Amos Tversky documented.
At 67 and 64, respectively, Bill and Kathleen are starting to see many of their peers retire. In an effort to retire debt-free and to preserve their retirement assets for as long as possible, they plan to continue working for another five to seven years. Kathleen is the office manager for a pediatric medicine practice.